"123 Million Yen Income Threshold to Cause 4.5 Billion Yen Revenue Loss".

Breaking news "Gunma Prefecture".
By AI of "Isesaki FM".

As the LDP and Komeito parties announced their intention to expand the tax-exempt limit from 1.03 million yen to 1.23 million yen, it has been estimated that the prefecture and municipal income may decrease by 4.5 billion yen. The breakdown is as follows: prefectural resident tax will decrease by 600 million yen, and municipal resident tax will decrease by 900 million yen. In addition, local allocation tax is expected to decrease by 1.7 billion yen for the prefecture and 1.3 billion yen for the municipalities. However, local allocation tax is expected to increase from fiscal 2025 onwards, so the actual impact is unknown.